Elon Musk of Tesla, $TSLA, could become world's first trillionaire by 2027

Per CNN: Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire. Musk’s business success has made him one of the most influential — and controversial — people in the world. The

Billionaire Larry Ellison of Oracle, $ORCL, says a vast AI-fueled surveillance system can ensure 'citizens will be on their best behavior'

Billionaire Larry Ellison of Oracle, $ORCL, says a vast AI-fueled surveillance system can ensure 'citizens will be on their best behavior,' Ellison said AI would be used in the future to constantly watch and analyze vast surveillance systems, like security cameras, police body cameras, doorbell cameras, and vehicle

Boeing, $BA, to start temporary furloughs of white-collar staff amid strike

Boeing said Wednesday it would start temporary furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that has shuttered Seattle manufacturing plants. The furloughs, which pertain to executives, managers and employees, will be initiated in the coming days and affect tens of thousands

The SEC has unveiled rules allowing stock markets to price shares in increments of half a penny, rather than the current minimum size of 1 cent

Wall Street's top regulator on Wednesday unanimously voted to allow stock exchanges to price many shares in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs on the $55 trillion U.S. equities

Israel detonates thousands of Hezbollah-linked walkie-talkies simultaneously

Hand-held radios utilized by the Lebanese militant group Hezbollah exploded on Wednesday in various locations across southern Lebanon, including the suburbs of Beirut and the Bekaa Valley, escalating tensions with Israel just a day after similar detonations involving the group’s pagers. According to Lebanon's health ministry, the

The Federal Reserve has cut rates by 50bps

With the job market and inflation showing signs of easing, the Federal Open Market Committee (FOMC) of the central bank opted to reduce its key overnight borrowing rate by 50 basis points, or half a percentage point, aligning with recent market expectations that had shifted from anticipating a smaller cut.

Tupperware has filed for bankruptcy

Tupperware Brands (TUP.N) and several of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, unable to overcome the declining demand for its once-popular colorful food storage containers and mounting losses. After experiencing a brief surge in sales during the pandemic—when more people cooked at home and

Uber, $UBER, and Lyft, $LYFT, must now pay Massachusetts drivers at least $32.50/hr

Uber, $UBER, and Lyft, $LYFT, must now pay Massachusetts drivers at least $32.50/hr. Drivers for Uber and Lyft have achieved a minimum wage of $32.50 per hour thanks to an initiative led by Massachusetts Attorney General Andrea Joy Campbell. The settlement includes a $175 million payment from

A record share of households are uncertain about the US economic outlook

A RECORD number of households are grappling with uncertainty about the U.S. economic future. Many anticipate that inflation will erode a larger portion of their incomes, and the prospects for a comfortable retirement are at their lowest in a decade. Americans are feeling financial strain due to the high

A 40-year mortgage should be the new American standard for first-time homebuyers

John Hope Bryant, previously at the helm of the largest minority-controlled single-family rental home company in the U.S. and an advisor to two presidential administrations, now leads Operation HOPE. This nonprofit seeks to broaden economic opportunities for all. Bryant is now advocating for the introduction of 40-year mortgages. This

In a pitch deck to prospective customers, one of Facebook's, $META, alleged marketing partners has explained how it listens to users' smartphone microphones and advertises to them accordingly

Millions have long suspected it, but a recent leak appears to confirm that our phones might actually be listening to us. An alleged pitch deck from one of Facebook's supposed marketing partners seems to reveal how the company could be using eavesdropping to craft targeted ads. According to

OnlyFans generated $6.6 billion in payments (+$1billion on ‘22), $1.3 billion in revenue & $658 million in profit before tax in 2023.

The owner of the subscription platform OnlyFans, Leonid Radvinsky, received a $472 million (£359 million) dividend last year, bringing his total payouts from the company to over $1 billion since 2020. Radvinsky, a 42-year-old Ukrainian-American entrepreneur, has collected nearly $1.3 billion from OnlyFans over the past four years. The

Iran’s ambassador in Lebanon has been wounded in the explosion of pagers in the country

At least eight people were killed and 2,750 were injured when pagers exploded simultaneously in Lebanon, according to the health minister on September 17. The Iranian-backed Hizballah militant group reported that two of its members and a girl were among the casualties in the "mysterious" explosions. Health

Donald Trump has said he’s going to eliminate the tax on Social Security

Former President Donald Trump has proposed a bold new idea for Social Security: eliminating taxes on benefit income. “Seniors should not pay tax on Social Security,” Trump declared on July 31 in all capital letters on the social media platform Truth Social and reiterated during an Aug. 7 Fox &

Neuralink's brain implant chip called Blindsight has received Breakthrough Device Designation from the FDA

Noland Arbaugh always dreamed of traveling to France and mastering the French language. However, after an accident left him paralyzed from the shoulders down eight years ago, he thought that dream might never come true. That was until the world’s wealthiest man stepped in to help by implanting a

Tupperware brands is preparing to file for bankruptcy as soon as this week

Tupperware Brands (TUP.N) is reportedly preparing to file for bankruptcy as early as this week, according to Bloomberg News. The company's shares fell 15.8% to 43 cents after trading hours, ending the day with a 57% decline. Founded in 1946 by chemist Earl Tupper, the brand

Larry Ellison of Oracle, ORCL, has become the world's second-richest person, dethroning Jeff Bezos of Amazon, AMZN

Since the market closed on Friday, Ellison’s net worth has surged by $11.7 billion, reaching $209 billion, according to Forbes’ real-time billionaire tracker. Jeff Bezos, who has alternated between being the second-richest person and other spots since 2016, currently has a net worth of $202 billion. Elon Musk,

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024

According to a Reuters poll, most economists predict that the Federal Reserve will cut interest rates by 25 basis points at each of its three remaining policy meetings in 2024. Only nine out of 101 economists expect a half-percentage-point cut in the upcoming meeting next week. With inflation nearing the

Announced job cuts totaled 75,891 in August, 193% higher than July

Layoffs surged in August, reaching their highest total for the month in 15 years, while year-to-date hiring dropped to a historic low, according to a report from outplacement firm Challenger, Gray & Christmas released on Thursday. For August, announced job cuts totaled 75,891, marking a 193% increase from July.

During Trump’s term, gas prices averaged $2.57, compared with $3.60 so far under Biden

Gas prices were lower during Trump’s presidency for reasons unrelated to his policies and those factors are no longer in play. Anyone expecting Trump to take significant action to lower energy prices if he returns to the White House is likely to be sorely disappointed. To set the record

US Senators have sent a letter to Powell asking for a 75bps cut

US Senators have sent a letter to Powell asking for a 75bps cut. Their letter: "For months we have been calling upon you to cut the federal funds rate.1 As we wrote in June, the Fed’s elevated interest rates are not successfully addressing the remaining drivers of

Apple, AAPL, has received FDA approval for Sleep Apnea Detection on the Apple Watch

Apple, $AAPL, has received FDA approval for Sleep Apnea Detection on the Apple Watch. Sleep apnea detection is among the standout new features introduced with the Apple Watch Series 10, as well as last year's Apple Watch Series 9 and Apple Watch Ultra 2. When first announced, the

Red Lobster has exited bankruptcy

Red Lobster, famed for its affordable seafood and cheddar biscuits, has emerged from Chapter 11 bankruptcy protection. Earlier this month, a U.S. bankruptcy judge approved the seafood chain's reorganization plan, which involved a lender group led by asset manager Fortress Investment Group acquiring the business. This approval

Amazon, $AMZN, has told its employees to return to office 5 days a week

Amazon, $AMZN, has told its employees to return to office 5 days a week. Amazon CEO Andy Jassy recently advised employees to either comply with the company's return-to-office plan or consider seeking employment elsewhere, a stance confirmed by Amazon to CNN. This follows a report from Insider highlighting

Donald Trump: I HATE TAYLOR SWIFT

Former President Donald Trump took to Truth Social on Sunday to express his frustration with pop star Taylor Swift, just days after Swift endorsed Vice President Kamala Harris. “I hate Taylor Swift!” Trump declared in all caps on the social media platform owned by Trump Media & Technology Group. Swift’